Decision details

Housing Revenue Account Budgets 2025-26 EXE25-002

Decision Maker: Executive

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To recommend to Council the Housing Revenue Account Budgets for 2025-26.

Decision:

The Executive RESOLVED

That in their regular reviews of the HRA Long Term Business Plan, the Executive should pay particular attention to interest rates and review the Plan based on that information; and

The Executive RECOMMENDED to Council

That  (i)    the Final Housing Revenue Account budgets for 2025-26, as set out in Appendix 1 to the report, be agreed; and

          (ii)   with effect from 7 April 2025, rents be increased by 2.7%.

Reason:   To enable a decision to be made by Council on the Housing Revenue budget for 2025 and approval of the increase in rents from 7 April 2025.

Reason Key: It is likely to result in the Council incurring significant expenditure or savings.;

Wards Affected: (All Wards);

Recommend to Council?: Yes;

Consultees

Cllr Roberts, Portfolio Holder,
Business Managers.

Contact: Benedict Falegan, HRA Specialist Accountant Email: benedict.falegan@woking.gov.uk, Craig Humphrey, Acting Head of Housing Email: craig.humphrey@woking.gov.uk.

Report author: Benedict Falegan, Craig Humphrey

Publication date: 14/02/2025

Date of decision: 13/02/2025

Decided at meeting: 13/02/2025 - Executive

Accompanying Documents: